diff --git a/.changelog/20234.txt b/.changelog/20234.txt
new file mode 100644
index 000000000000..8727c18e0b6a
--- /dev/null
+++ b/.changelog/20234.txt
@@ -0,0 +1,3 @@
+```release-note:bug
+deps: Updated consul-template dependency to 0.37.4 to fix a resource leak
+```
diff --git a/go.mod b/go.mod
index 718970b68df2..02b2cc91db72 100644
--- a/go.mod
+++ b/go.mod
@@ -44,7 +44,7 @@ require (
 	github.com/gosuri/uilive v0.0.4
 	github.com/grpc-ecosystem/go-grpc-middleware v1.4.0
 	github.com/hashicorp/cap v0.2.0
-	github.com/hashicorp/consul-template v0.37.2
+	github.com/hashicorp/consul-template v0.37.4
 	github.com/hashicorp/consul/api v1.26.1
 	github.com/hashicorp/consul/sdk v0.15.0
 	github.com/hashicorp/cronexpr v1.1.2
diff --git a/go.sum b/go.sum
index e3b831408139..e315e461f88a 100644
--- a/go.sum
+++ b/go.sum
@@ -602,10 +602,10 @@ github.com/grpc-ecosystem/go-grpc-middleware v1.4.0/go.mod h1:g5qyo/la0ALbONm6Vb
 github.com/grpc-ecosystem/grpc-gateway v1.16.0/go.mod h1:BDjrQk3hbvj6Nolgz8mAMFbcEtjT1g+wF4CSlocrBnw=
 github.com/hashicorp/cap v0.2.0 h1:Cgr1iDczX17y0PNF5VG+bWTtDiimYL8F18izMPbWNy4=
 github.com/hashicorp/cap v0.2.0/go.mod h1:zb3VvIFA0lM2lbmO69NjowV9dJzJnZS89TaM9blXPJA=
-github.com/hashicorp/consul-template v0.37.2 h1:9Ex0KbcuscmZzDQOPAK4/9LSiOTqIbRcwyotaIiTykk=
-github.com/hashicorp/consul-template v0.37.2/go.mod h1:ckdzFLHdF/1A4L11ifxkzy3gXHeF1YbKSbXkN6W33+s=
 github.com/hashicorp/consul/api v1.26.1 h1:5oSXOO5fboPZeW5SN+TdGFP/BILDgBm19OrPZ/pICIM=
 github.com/hashicorp/consul/api v1.26.1/go.mod h1:B4sQTeaSO16NtynqrAdwOlahJ7IUDZM9cj2420xYL8A=
+github.com/hashicorp/consul-template v0.37.4 h1:NBGei65WKxeaTZ3e6VJUyefITgg5fAQ6Auxar+8L2h0=
+github.com/hashicorp/consul-template v0.37.4/go.mod h1:ckdzFLHdF/1A4L11ifxkzy3gXHeF1YbKSbXkN6W33+s=
 github.com/hashicorp/consul/sdk v0.15.0 h1:2qK9nDrr4tiJKRoxPGhm6B7xJjLVIQqkjiab2M4aKjU=
 github.com/hashicorp/consul/sdk v0.15.0/go.mod h1:r/OmRRPbHOe0yxNahLw7G9x5WG17E1BIECMtCjcPSNo=
 github.com/hashicorp/cronexpr v1.1.2 h1:wG/ZYIKT+RT3QkOdgYc+xsKWVRgnxJ1OJtjjy84fJ9A=